Question

Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected. This illustrates that overconfidence may be facilitated by?

Answer 1

Answer:

This illustrates that overconfidence may be facilitated by confirmation bias

Explanation:

Confirmation bias is a form of cognitive basis which tends to make managers favor information or the outcome of their previous sentiments.

Recruiting one candidate instead of another that is more qualified based on cultural fit or affiliations, is a sentiment that would lead to a bigger bias in future which can make such manager to jump to positive conclusions about the newly recruited hand without careful evaluation of all information at their disposal.

Answer 2

Answer:

Confirmation bias

Explanation:

Confirmation bias is a psychological situation in which a person accept those investigstions which confirms his/her belief.

Confirmation bias could lead to human and statistical errors when making decisions. It is a way in which a person interprete information based on his/her Personal beliefs.

Confirmation bias is the interpretation of information in a selective or biased way.

Managers tend to interprete information given and favours a particular candidate during recruitment based on personal beliefs.